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MMI.mq5 (8.76 KB) view

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Market Meanness Index indicator is a business activity index. It displays the market state - trend or random (chaotic).

The indicator has three input parameters:

Period - calculation period
Random boundings - level, above which the market has no any obvious trend and is quite chaotic
Trend - level, below which the market is subject to trends

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23003

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MMI - indicator for MetaTrader 5